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11 (2 marks) The relationship between NPV and IRR is such that a. both approaches always provide the same ranking of alternative investment projects. b.

11 (2 marks) The relationship between NPV and IRR is such that a. both approaches always provide the same ranking of alternative investment projects. b. the IRR of a project is equal to the firm's cost of capital if the NPV of a project is $0. c. the IRR must be greater than the cost of capital if the NPV of a project is negative. d. none of the above applies. O a. b. c. d

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